OI Shareholder Alert: O-I Glass, Inc. Securities Class Action Lawsuit - Investors Should Contact Levi & Korsinsky

Important Notice Regarding Alleged Fit to Win Cost Savings Misrepresentations. The complaint contends O-I Glass presented its savings program as on track while delays allegedly went undisclosed.

NEW YORK, Nov. 11, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in O-I Glass, Inc. (NYSE: OI) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between March 14, 2025 and July 28, 2026. Find out if you could qualify to recover your losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Two 15% figures frame the alleged Fit to Win cost savings securities fraud in glass packaging: a $750 million savings program equal to roughly 15% of the cost base, and a share decline of about 15% in a single session. According to the lawsuit, investors overpaid for O-I Glass stock until July 28, 2026, when the Company substantially reduced its 2026 adjusted EBITDA and free cash flow guidance. Applications to serve as lead plaintiff must be filed by December 28, 2026.

The Alleged Fit to Win Cost Savings Methodology

Fit to Win was designed to strip cost from O-I Glass's manufacturing network and convert those savings into EBITDA growth. The Company reported $300 million in program benefits for 2025, well above its original annual goal. The complaint alleges that the program was simultaneously experiencing delays in achieving targeted savings, higher than expected expenses, and operational disruptions that materially offset its benefits.

Key Fit to Win Allegations for Shareholders

• Delays in reaching targeted Fit to Win savings allegedly went undisclosed throughout the Class Period.
• Program expenses allegedly ran higher than expected.
• Operational disruptions allegedly offset a material share of the benefits being publicized.
• The lawsuit contends that the increase in the cumulative target from $650 million to at least $750 million was presented as support for a $1.45 billion 2027 EBITDA goal.
• On July 28, 2026, the Company realigned its 2027 Investor Day financial targets, which plaintiffs characterize as correcting prior alleged misstatements.

Alleged Fit to Win Securities Fraud in the Glass Packaging Sector

O-I Glass supplies glass containers for beer, spirits, wine, food and pharmaceuticals amid subdued end-market demand. With volumes largely flat, the Company presented cost discipline as its route to higher earnings, making Fit to Win central to the outlook investors relied upon.

"This case presents important questions about cost-savings disclosure obligations in the glass packaging sector. Plaintiffs allege that Fit to Win was portrayed as on track even as delays and offsetting expenses were building inside the program. We believe the distance between that portrayal and the July 2026 guidance reset deserves close scrutiny." -- Joseph E. Levi, Esq.

Submit your information here or call (212) 363-7500.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the OI Lawsuit

Q: Who is eligible to join the OI investor lawsuit? A: Investors who purchased OI stock or securities between March 14, 2025 and July 28, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: What specific misstatements does the OI lawsuit allege? A: The complaint alleges O-I Glass made materially false or misleading statements regarding its 2026 financial outlook and the progress of its Fit to Win cost-savings initiative, including delays in achieving targeted savings and operational disruptions, during the Class Period. When the Company's substantial reduction of its 2026 adjusted EBITDA and free cash flow guidance was disclosed on July 28, 2026, the stock price declined sharply.

Q: When did O-I Glass allegedly mislead investors? A: The Class Period runs from March 14, 2025 to July 28, 2026. The complaint alleges that corrective disclosures revealed information that caused a significant stock decline.

Q: What do OI investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What happens after I contact Levi & Korsinsky? A: An attorney will review your trading history at no cost and provide an initial assessment of your potential eligibility.

Q: What if I already sold my OI shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

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